Nucor taking non-binding peek in Ala.: DiMicco
Oct 19, 2012 | 11:39 AM
| Michael Cowden
CHICAGO Nucor Corp. and other steel companies might be kicking the tires at ThyssenKrupp Steel USA LLC but are unlikely to pay a price for it that the companys German parent might like.
"It will get sold. Dont get me wrong. But its not worth anywhere near what they (ThyssenKrupp AG) spent on it," Nucor chairman and chief executive officer Daniel R. DiMicco said during an earnings call Thursday.
DiMicco confirmed to analysts that Nucor had expressed a non-binding interest in the operationa prudent move, he said, since interested parties get the rare chance for an up-close examination of a competitor.....
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